Hi @Tyler Bolton I hope I can help clarify given I see a lot of muddled points of view on these matters online.  

Long term goals in mind that I need a track record and capital for! 

I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

Hope that helps explain the policy a bit more :) I need to stress again that I was not in the right frame of mind when I made this post.

While using QuickBooks it is a mind set and you have to accept the process and procedures to use it as a real estate and property management software.

The forms are online, and it costs $100 per filing. 

If you can't find existing meetups, create your own by organizing casual gatherings for like-minded investors.

Fake income documents are easily purchased online, and inexperienced screeners often miss red flags.

There were weekly group video phone calls that despite usually only having 5-10 people online I could never get a question answered leaving me to believe they were pre recorded.